Tag: recovery

Economic Recovery and Small Business Loans: What You Need to Know

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Read more about https://editorialmondadori.com here. The program provides up to $25,000 for interior and exterior renovations and working capital. Carolina Small Business Development Fund is a statewide, 501(c)(3) nonprofit Community Development Financial Institution that provides capital, technical assistance, and policy research to light the way for small businesses in North Carolina. Even with today’s economic challenges, Americans created over ten million new businesses this year — with experts anticipating the momentum to continue. Recessions and economic downturns have historically driven growth in American small businesses, and economists forecast an upward trend in growth this year. The number of businesses with…Continue Reading

Economic Recovery and Small Business Loans: What You Need to Know

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Eligible uses of the funds include rent, utilities, staff, marketing, machinery, equipment, supplies, inventory, and consultants. Eligible small businesses must be in good standing with the Department of Revenue Services and Secretary of the State. Businesses also need a business plan or high-level executive summary, projections, and a description of how funds will be used. Grants range from $5,000 to $25,000, for a total of $200,000 each year of the five-year program. Read more about https://editorialmondadori.com here. The office additionally works on SME cooperation initiatives and best practices exchanges with foreign trading partners, in order to connect U.S. small businesses…Continue Reading